Saudi's MMG seeks up to 900 million riyals in claims to survive

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By Reem Shamseddine KOHBAR, Saudi Arabia, **v 11 (Reuters) - Saudi Arabian construction firm Mohammad Al-Mojil Group (MMG) aims to collect between 700 and 900 million riyals ($187-$240 million) in claims from other firms as part of a recovery plan to save the 60-year-old company, executives said. The firm is a victim of the volatility of the Saudi construction industry, showing how cost pressures and stiff competition can threaten companies despite the massive sums being ploughed into building contracts by the government. ...

أكثر... (https://en-maktoob.news.yahoo.com/saudis-mmg-seeks-900-million-riyals-claims-survive-092018615--sector.html)